Chinese commercial banks' non-performing loan ratio at 1.56% at end-June
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A man walks in the Central Financial District, in Hong Kong, China March 15, 2024. REUTERS/Tyrone Siu/File Photo
BEIJING (Reuters) - The non-performing loan ratio of commercial banks in China was 1.56% at the end of June, down 0.03 percentage points from the end of the previous quarter, the National Financial Regulatory Administration said on Friday.
Net profits at commercial banks grew 0.4% year on year to 1.3 trillion yuan ($181.3 billion) in the first quarter of this year and their capital adequacy ratio at the end of June was 15.53%, the regulator added.
($1 = 7.1699 Chinese yuan renminbi)
(Reporting by Ziyi Tang and Bernard Orr; Editing by David Goodman)
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